The S&P/Case-Shiller Home Price indexes for July 2010 were released today. Seasonally adjusted, prices were flat from last month, still up for the year, but slowing. From the graph below, one can see the flat tail showing the slowdown in home prices.
The annual growth rates in 15 of the 20 MSAs and the 10- and 20-City Composites improved in May compared to those reported for April 2010. The 10-City Composite is up 5.4% and the 20-City Composite is up 4.6% from where they were in May 2009.
One needs to note these price increases are during the housing tax credit of $8,000. It's not until July that housing prices without subsidies will be known.
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